India has been a nation treading steadily towards infrastructural and genuine estate developments more than the decade. The nature of establishments has differed due to the scale of capital and technologies involved at numerous intervals. In making a course for this story of progress, National Highways and Expressways have formed a important element in defining the futuristic and urbanized landscape of the nation. The government has many instances made it clear by positioning the infra development and connected sectors as development drivers of the nation.
According to JLL, “national highways offer real estate development opportunities across India with 15% upward returns. In the short term, due to infrastructure development and connectivity being created, the real estate appreciation in the vicinity is estimated to be in the range of 60 to 80 per cent; however, another spurt in the prices happens when the facilities/ wayside amenities become operational along the highways.”
One such genuine estate hotspot bearing the fruits of value appreciation due to its proximity to the national highway and expressways is Raj Nagar Extension. The region is strategically placed close to the elevated Hindon Road, Eastern Peripheral Road connecting Kundli, Ghaziabad and Palwal. Due to its relatively low land rates, this prospective hotspot close to Delhi NCR provides competitive selections compared to the Capital, Noida and Gurgaon area.
The region has been fulfilling the ever-increasing demand from investors and finish-customers due to the presence of reputed developers making prolific projects in diverse segments such as mid-segment, very affordable and luxury housing. Ever given that India’s initially 14-lane Delhi-Meerut highway has grow to be completely operational in April 2021, the worth of the area has risen incessantly. Raj Nagar Extension also enjoys the presence of many diverse social structures such as hospitals, malls, industrial centers, schools, and so on.
The presence of reputed players in this region also envisages a reign of trust and transparency amongst the neighborhood, and it is most likely to get continued, adding more credibility and demand for the genuine estate selections readily available right here. An upcoming international cricket stadium in the coming years will be providing enhance to this area in terms of elevating city’s stature in entertainment and tourism.
Raj Nagar Extension is, hence, beginning to grow to be an best place for purchasers and investors searching for nicely-secured gated communities with innumerable selections in terms of amenities such as higher street retails, kids zone, ultra-contemporary club, swimming pool and so on, that rejuvenate the thoughts, body and soul of the person. With its proximity and seamless connectivity to the enterprise hubs of Noida, Greater Noida and Ghaziabad, the region dynamics bode nicely for individuals hunting to earn from rental incomes as nicely.
(By Ashok Gupta, CMD, Ajnara India Ltd)